Content creators and XRP enthusiasts are receiving great news.
Coil just revealed that it would be launching a brand new live video streaming platform that’s called Cinnamon.
It will be integrated with the Interledger Protocol which is also known as ILP.
Content creators can monetize their content with XRP
With the help of Cinnamon, the content creators will have the ability to monetize their content with XRP.
The official announcement also said that “The #XRP ecosystem is ever growing and expanding. Developed on the @Coil platform, @CinnamonVideo is the first ever video streaming platform that allows content creators to get paid by viewers without third-party services. #blockchain, #InternetofValue, #Xpring.”
Smartereum writes that the platform is fitting flawlessly into Coil’s first product which has a flat-rate subscription.
Cinnamon will be allowing consumers to support the favorite creators, and also regulate the number of ads that they watch, and more features.
We are proud to announce https://t.co/XmcOILIUiQ which will become a video-streaming platform with exclusive content for Coil members. Huge thanks to @Coil , @Interledger and @Ripple for making it possible. Stay tuned for more!
— Cinnamon (@CinnamonVideo) February 21, 2019
The online publication reported that “The Coil platform is built on an open API system called Web Monetization and it makes real-time payments possible. Websites, through this API, can securely reward those who enable their web monetization feature. It creates a self-sustaining economy.”
Great feedback from the Ripple community
Someone said “I can’t wait to sign up for your video streaming service. Time to give YouTube some competition! Congratulations.”
LETS GET IT!!! BUCKLE UP!!
— Iam NotoriousXRP 🕊 (@INotoriousxrp) February 21, 2019
Another person is “Very curious about what tech solution will be used for video encoding, storage & distribution and so on. Looking forward see how it all will work. Exciting times! Break a leg!”
One other supporter is also excited about this news: “Great, can’t wait. Have a few 100 videos to upload, and YouTube needs some competition with what’s is doing to content creators.”